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2/12/2015 <br />Item Coversheet <br />at4Y rat <br />City of Sunny Isles Beach <br />18070 Collins Avenue <br />Sunny Isles Beach, Florida 33160 <br />(305) 947 -0606 City Hall <br />`c+ 'Ft °¢o" (305) 949 -3113 Fax <br />rk or s�+ <br />MEMORANDUM <br />TO: The Honorable Mayor and City Commission <br />FROM: Christopher J. Russo, City Manager <br />DATE: 2/19/2015 <br />RE: Revised Restricted Covenant for the Cultural Facilities <br />Grant for the Gateway Park Performance Stage <br />RECOMMENDATION: <br />It is recommended that the City Commission approve filing a revised <br />Restrictive Covenant between the City and the Florida Division of Cultural <br />Affairs for the receipt of funds for a Cultural Facilities Grant for the <br />Performance Stage at Gateway Park. <br />REASONS: <br />The previous Restrictive Covenant was drafted following the State provided <br />guidelines. The State is now requiring the Restrictive Covenant be drafted <br />according to a sample document they have provided, to be executed between <br />the City and the Florida Division of Cultural Affairs, designating the property <br />on which the stage is being built as a cultural facility for at least ten (10) <br />years following the execution of the grant award agreement (which was <br />approved by the City Commission on December 18, 2014). The revised <br />Restrictive Covenant has the same terms with very minor changes. <br />ATTACHMENTS: <br />Description <br />Resolution <br />Restrictive Covenant <br />http://sunnyisles.novusagenda.com/CoverSheet.aspx?ltemlD=1568 1/2 <br />